How to make the most of your cashback credit cards

financialexpress.com:

Cashback credit cards allow you to earn some money back when you swipe your card to buy things. This money might come as points or cash that goes into your account. Most credit cards offer cashback for spending on groceries, food, lifestyle, entertainment, electronics and bills payment. Cashback is one of the key benefits credit cards offer to consumers as it’s a tangible reward, offering actual cash for regular expenditures.

One gets different types of deals on one’s credit cards. Some credit cards provide a fixed percentage cashback, while others offer a comparatively higher cashback rate on specific purchases. Your choice depends on your preferences and the type of cashback offer you prefer. Cashback benefits help you to retrieve a percentage of your spent money.

The amount you get as cashback depends on the type of credit card you use. Cashback is earned when online stores give some money back to the credit card company for each purchase. The bank then gives a part of this money to the customer. Here’s a guide on how to maximize the benefits of your cashback credit cards.

Also Read: How to use credit cards wisely in financial emergencies

It is important to get the card that fits your needs and help you earn rewards at the same time. Look for cards that offer cashback on categories aligned with your regular spending habits like groceries, dining, fuel, or utility bills. Explore different credit card options available.

Adhil Shetty, CEO, Bankbazaar.com, says, “Cashback features on credit cards in India offer significant advantages to users. They provide a tangible way to save money on everyday expenses. By earning a percentage of the spending back, individuals can effectively reduce their overall costs, making